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Jan 14, 2013
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on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure the middle class
on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at...
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Jan 15, 2013
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. >>> still ahead, debt ceiling deja vu. from social security to interest rates, the president lays down the law and the cuts that could be coming our way. but is the situation as dire as they make it? >>> a somber anniversary in newtown as parents mark one month since their children were killed. their new proposal today and the unthinkable has happened again. a brutal gang rape in india that started with just a bus ride next in "world tonight." >>> also, he used to shoot with his gun. now this former cop uses his camera to shoot 49ers games. >>> welcome back. now if you thought the doomsday scenarios were bad under the fiscal cliff, just wait for what's coming next. >> the debt ceiling talks are under way. president obama warns the dire consequences if congress fails to raise our borrowing limits. in tonight's reality check, sam brock explains why most people should just take a deep breath. sam? >> raj, it would be therapeutic if nothing else. there is certainly little refuting the failure to raise the debt ceiling would se
. >>> still ahead, debt ceiling deja vu. from social security to interest rates, the president lays down the law and the cuts that could be coming our way. but is the situation as dire as they make it? >>> a somber anniversary in newtown as parents mark one month since their children were killed. their new proposal today and the unthinkable has happened again. a brutal gang rape in india that started with just a bus ride next in "world tonight." >>> also, he...
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Sep 16, 2013
09/13
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a budget battle brewing again with the debt ceiling. you think this is the next crisis that obama is facing with congress. are we going to raise the debt ceiling? >> this is really serious. back in 2011, when the crisis visited them, the secretary of the treasury tim geithner was running around and saying if we don't fix this, we could trigger a depression worse than the 1930s. and when i talked to obama about this, he said, it was the most intense three weeks of his presidency. more than osama bin laden and so forth. so -- and the republicans are out here, a group of them in the house essentially using extortion and blackmail methods to say, if we don't defund obama care we're not going to do the routine things of government. >> well, we're at a gail of chicken at this point and there are not -- no one thinks they're going to defund obama. not even the people pushing for it. at some point, you know, the republicans are going to have to blink and they'll fund it. if they pass a bill that doesn't include funding for obama care, then the
a budget battle brewing again with the debt ceiling. you think this is the next crisis that obama is facing with congress. are we going to raise the debt ceiling? >> this is really serious. back in 2011, when the crisis visited them, the secretary of the treasury tim geithner was running around and saying if we don't fix this, we could trigger a depression worse than the 1930s. and when i talked to obama about this, he said, it was the most intense three weeks of his presidency. more than...
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Oct 8, 2013
10/13
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that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk. >> reporter: next up, that october 17th deadline with concern that congress won't raise the debt ceiling by then. what is it? it's the equivalent of the credit card limit, when nay run out of money and can't borrow another dime. it's nearly $16.7 trillion dollars, trillion, with a t. it's estimated to hit it on the 17th. then if the congress doesn't green light the borrowing of more, the u.s. could default. bad news for social security recipients, medicare providers and members of the military, all scheduled to get the payments november 1st.
that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk....
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Oct 16, 2013
10/13
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good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're at. if they don't get that debt ceiling raised, they won't be able to go out and make that short-term borrowing to cover those bills on that day. >> think of our bank account. if you put your atm card in, you can't withdraw money if you don't have money in the account. >> beginning of the, month the mortgage is due, the car, the groceries and your kid needs something for school. >> brian, what happens tomorrow? say there is no deal. we hope there is, but maybe there won't be. is it the end of the world tomorrow? is it in a week? is it november 1st as some have said? >>
good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're...
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Jan 23, 2013
01/13
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...
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Jan 9, 2013
01/13
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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Jan 21, 2013
01/13
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they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters, saying how big they've grown in four years. >> they seemed like little girls four years ago and now they are young ladies. >> and notably out of the spotlight, which is just how their mother and dad want. sasha needed a box to stand on last time. no more. >> her older sister is strikingly tall. she moves around the corridors of school. >> and their grandmother, michelle obama's mother is there, also. we don't really get to see enough of her. >> as is her wish. everyone around me just says what a terrific president is around the white house. it makes it feel like home, makes it fee
they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters,...